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as shares of apple fell in relation to one of the suppliers on its outlook sighting in ipad shipments. we're going to being looking out for component suppliers here in japan that make a lot of parts that go into products such as tablets and smart phones of which apple makes many of those as well. we keep track of that sector as well. >> kicking off later today the g-20 over in washington, d.c. as we've been reporting a lot of focus will be on the recent weakening yen. where do we stand lead of that key meeting? >> a lot of market players will be watching the g-20 meeting and thedollar/yen. that may trade in a ltle bit of rgehead of that meeting and it's still weaker than it was this time yesterday when it was at the mid 97 yen levels. we'll keep track of that. the euro/yen 127.54 to 59. it traded up to upper 129 during wednesday. as you can see now 127.49 to 52. there were concerns that the european central bank may cut interest rates to boost growt in the euro zone. we'll keep track of currency markets. a bit of a focus there for the tech sector following those moves in apple shares and
. it is somewhat reminiscent to what happened to apple. in the paper market, you have a dramatic selloff. in the physical market, the demand is very, very strong. connell: let's follow up on that. let's talk about apple. the big game for the dollar versus the euro. is that part of the case you make for gold? >> i think part of the reason is for safety. in times like this, i think now is a fantastic entry point. it is certainly better than two weeks ago. it is uncorrelated. that last forever. hopefully it will bring the price back up. connell: she is trying to hold back. dagen: it does not have the magical properties. i do want to ask you about storage capacity. are we maxed out in terms of the ability to store gold? >> we are not maxed out. individual investors, i think they are hitting struggles. you are saying that on a retail level. on an institution level, you are not saying that at all. connell: come back and hang out with us. i hope you like those. we like him as a guest. dagen: connell is very needed. [ laughter ] connell: the reopening of the privacy debate. privacy versus safety
. is apple losing its shine? the tech bellwether dipped below $400 a share this week. seven months after hitting a record high of above $700 a share. concerns that product sales will not be keeping up with a possible glut of inventory there. exxon mobile surpassed apple as the most valuable company. sea world made a splash. the company began trading friday. with an ipo of, priced at $27 a share. the deal raised some $700 million. >>> austerity persisting in britain and europe despite forecasts of downgrade growth in the uk and recession in single currency euro zone. from the spring meetings of the imf and world bang. -- imf and world bank. part of the conversation this week. >> it has vastly different social security systems, health care systems, pension systems. if europe wants to move to common funding of the systems, a fiscal union, then they need to harmonize the systems way before they can move to a fiscal union. if you are talking about a common fiscal policy orifice cal u -- or fiscal union, they are way off. >> what is your opinion of how the banks look, will they sell assets, an
19 points. and the s&p 500 was up seven. >>> apple returned millions of botched iphones to the manufacturer that built them. those returned phones are going to cost fox con. this isn't the first time apple has been unhappy with their work. >>> salt lake city, utah, is becoming a new hot spot for business. two major banks, san francisco- based wells fargo and new york- based goldman sachs will be holding their shareholders meeting in san francisco this week -- in salt lake city this week. they will all have shareholder meetings in salt lake. many have done so within the past two years. >>> animal control workers are warning residents in the lake tahoe area are warning visits about recent mountain lion sightings. last tuesday, a person saw a cat walking across the meadow and last thursday, a person walking his dog saw the mountain lion lying down in that same meadow. fortunately, the mountain lion did not approach either of those people. >>> at the beginning of this newscast, we talked with our chief meteorologist about temperatures hitting 90 degrees. bill, a lot of us ar
with me. >>> other big story now is stronger than expected corporate earnings. good story. and apple beat, strong profit in big industrial companies. gave us a big rally today. remember, please, profits are the mother's milk of stocks. all that's up next. and please don't forget my other dictum. free market capitalism is the best path to prosperity. we'll be right back after this. >>> it's hard to hit home runs all of the time. is that part apple's problem? >> i don't know if it's a problem, larry. tim cook did say we've got some cool new stuff coming in the fall and in 2014. that might have been what triggered an after hours selloff. some people interpreted that to mean we don't have new stuff coming in the summer. but will he he also talked about new product categories the team is working on. yes, apple has been coming out with a lot of new stuff over the past couple years, but historically, they have taken longer between some major launches. between the ipod and the iphone, there was about six years where apple was mostly doing software iterations. >> john fort, thank you very much, we
extensions. specific details are expected to be announced today. facebook is in talks with apple over its droid-friendly software called home. the question is will be apple users able to use it? and chick-fil-a is getting healthy. more on that in the next hour. linda bell reporting. back to you. >> thank you. 4:39.65 degrees, >> big developments when it comes to immigration reform. we will have more on an agreement reached on the biggest ov >> tuesday morning, a mild start. >> not bad, jacqui jeras. will this a repeat of yesterday? >> there will be similarities. we will be a little drier today and with more sunshine. and a touch warmer. the morning is starting out much the same, 57 degrees. we might see patchy fog and mist in outlying areas. i think we will be fine in the district. looking at the satellite picture, low-level clouds. you can see areas at the eastern shore where it is trying to break apart. we will have a little bit more sunshine today, allowing us to warm up past 70 degrees. mostly cloudy and 60 degrees at 9:00, 68 by noon, and partly sunny and 72 degrees by 5:00. some uns
to keep an eye on apple shares today. it dropped below $400 yesterday or the first time in 16 months. the decline came after a chip suppliers forecast led them to start worrying about weakening demand for the iphone and ipad. joining us is gene munster. gene, by the way, also covers google and google will be reporting after the bell tonight. gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs d
this company a lot. truth be told it's not a very big company compared to apple or google, it's really interesting and its stock is quite volatile. apple shares on a slide for a week now. investors would like a little goose, something that says, yeah, we're still the innovative company everyone loves so much. apple reports its profits tuesday. they no doubt will report they made suitcases full of cash. a small hint of something ahead. some sort of idea as to what apple might have in the pipeline could help that stock more than anything else. back to you. >> all right, scott. thank you very much. meteorologist krchristina loren has the day off. i hope she's enjoying sunshine. >> take you to san jose. the sky didn't change at all. live camera to live camera. areas south of san jose will probably climb into the low- to mid-90s by 3:00 and 4:00 this afternoon. already now near 80 degrees, fairfield, concord, livermore, pleasanton, san francisco 67, 72 in oakland. notice the immediate coastline, areas south of santa cruz later on this afternoon, watching for low clouds to creep up the coast
may drag down apple's earnings reports and house of cards driving up net flix earnings. >> emily chang is live with today's of after the bell report. hi, emily. >> good afternoon. house of cards stacked the deck in net flix's favor. the the earnings report smashes forecasts with profits soaring. the streaming service added two million new customers due in partd to popularity of the political drama "house of cards". sticking with earnings. apple out with its quarterly report and the pressure is on. according to estimates apple's quarterly profits may fall thanks for slowing iphone sales adding further pain tt stock tumbling 25% this year. cbs is escalating it's fight with the internet tv start up ario buying a stake in rifle sync back letting tv stations stream programming online. stocks higher today, rebounding after the loss which was the worst weekly performance for s and p in five months. your bloomberg silicon valley led by yahoo and apple slayers. the white house releasing it's first videos on vine. the videos promote the white house science fair. at bloomberg studios in san franc
the last two trading days. only to rally late in the trading session close on the positive. apple will be releasing their quarterly earnings after the closing bell. >> netflix's decision to feature original programmingon o service appears to be pulling in more customers. they added 2 million users who subscribe to the video sharing service during the first three months of the year. the. was the highlighted by the early february debut of " house of cards, " a critically acclaimed series made exclusively for a netflix. the subscriber growth help them bonds back from a loss at the same time last year and generate revenue slightly above the projections. >> the nation's biggest banks are rolling out the next generation of atms. the latest models including features like video chatting and a live teller. bake of america's new teller assist machines, for example, allowed a customer to swiped a debit or credit card, driver's license or photo id for authentication. then a live teller, physically based in delaware or florida pops up on the screen to assist the user. the bank says the machine
of all with apple. the worst week in two and a half years, down 9% last week and nicole, any sign of a bounce? >> right, we're seeing it up 1/2 a percent for apple. i've read so much and 14 analyst downgrade apple some way, shape or form the last couple of months though there were a couple who were positive this morning and reading about forbes, throwing out the idea whether or not tim cook may be replaced, but there are so many folks who love it, but everybody knows it was adds 700 stock back in september and it's still below 400. stuart: you can't call it a bounce, a gain of a buck, that's not a bounce at all, but tell me about ibm. we would have had a triple digit rally for the dow, but any bounce. nicole: we're watching ibm, higher this morning, a name on friday dropped 8 1/4%. the biggest drop ibm has seen in three years, and the worry is about the growth prospects for the company for 2013, as you noted, it shaved off over 100 points on the dow on friday. stuart: i don't want to grind my ax, but i have a task for you. can you tell me why in the next update, were microsoft ope
for details. you may able to buy a low cost cell phone from apple. in a business analyst are correct a lot of you will be buying. apple could sell 75 million low cost flowns last year, however, has in the confirmed it plans to do this. and in the meantime a bill banning techting in california has passed the assembly transportation committee and would undo legislation passed last year that allowed hands free texting. saying newest information is that it's just as distracting as regular texting we'll follow this as it works it way through. >> there you go. >> breezy still out there. >> it s we did see temperatures coming up a few degrees because of the lighter winds if you will. here in the bay area, we're not seeing any moisture but we're seeing light showers possibility in this area throughout the next couple hours until sun goes down, frost advisory going up tonight at 11:00 p.m. running until a.m. tomorrow. so you can see showers starting to taper a little bit. i want to show you a view from our tv you can see it's cloudy right now this evening, drier forecast. 68 in oakland. highs into
in nearly a year. apple fell 9% last week. worries about iphone demand have prompted investors to look for the exit. apple has lost $300 billion in market value since last september. >>> and the senate may vote today on a bill to let states collect sales tax on all online purchases. though ebay ceo has reportedly been recruiting users to rally against the measure. >>> and gas prices could drop another 20 cents by memorial day. it's due to falling oil prices and continued weak energy demand. good news for drivers looking to hit the road. richard? >> we will take that. thank you so much. >>> here are other stories we're keeping an eye on for you. if you're traveling by air today, allow a little more time. it's the first weekday with a 10% slash to the nation's air traffic controller work force. the furloughs went into place last night as part of the so-called sequester. delays were mostly nonexistent on sunday except for waits of up to an hour in and around new york and los angeles. but the real test begins today. the furloughs will last through september and are expected to save about $
. >> hi, richard. apple reports earnings today. with the stock dropping below $400 a share after peaking above 700 in september, you know it's the talk of wall street. apple still selling a record number of iphones and ipads, but growth is dropping amid competition. the fed gets seven big banks to rein in bonuses for executives who meet or exceed performance targets. "the wall street journal" reports regulars have been concerned since the financial crisis about ties between high pay and the amount of risk that banks are taking. >>> well, now you never have to get off the couch. pizza hut and microsoft are launching a new app that lets people order food via xbox live. richard, back to you. >> now i'm kind of hungry. thanks, courtney. >>> other action on the street. netflix shares skyrocketing 24% in after-hours trading. and that's thanks in part to new streaming original content. the company announced a new family plan as well to let four users stream at once for just $11.99 a month. senators voted overwhelmingly in favor of debating legislation to help states force online retailers to co
. and the dow jones ended the day ended higher. >> a big day for wall street for a pair of companies. apple stock ended the day mer than $406 a share, increase of nearly 7.5 points. their estimation stock has fallen and we'll find out why. >> and net flix shares jumped to close above $200 a share. analysts say ilts because net flix is adding new subscribers. >> police hope a witness will come forward to help them catch a vandal that covered a car with racist graffiti. a woman discovered her bmw had been vandalized at her home on 56th street. td victim has no idea why anyone would target her or the car owe i view this as a hate crime and feel safety is being threatened and someone would be so bold to do this in my driveway what else would they do? >> a man has been arrested for trying to break into a building governor brown lives in. a few days ago the man jumped down on to a balcony and police arrested him. brown says the apartment was not the target. he does not believe the burglar knew he lived in the building. >> san francisco city attorney suspects an answer by the end of the week about
numbers fm 's financial re >>> apple shares haven't been so low in more than a year. we get the latest numbers from kcbs radio's financial reporter jason brooks. good morning. >> reporter: good morning, anne. good morning, frank. a rough day for apple yesterday as stock got bruised and a number of analysts downgraded them before its earnings report next week along with a key supplier of audio chips cirrus logic warning its report was going to be bad and apple is cirrus logic's biggest customer so that meant another downbeat note for apple. stock fell 5.5% below $400 a share for the first time since 2011. stocks lower this morning by .5%. hanging just above $400 a share. the tech sector overall under a lot of pressure,er, not looking great to start -- earnings not looking great to start the quarter. google reports after the close. ebay reported yesterday. ist profit was good at $677 million even though revenue grew. it missed on expectations and ebay shares are falling 5.5% in the early going this rnmog. on the economicfront, the labor department reporting that first time weekly unempl
aproechd proven the weekend and warming temperatures on through. >> doom and gloom for apple. what pushed the tech titan stock to its lowest level. (sir can-a-lot) good day, ma' lady. i am sir can-a-lot, here to save you from another breakfast bore. wake up those eggs with glorious spam! (male announcer) break the monotony. visit spam.com. >>> no longer the king of the mountain, apple plunging today to levels we haven't seen in two years. new supply concerns dropped shares of apple stock by 5.5%, falling below $400 a share for the first time since 2011. the cupertino-based company did not comment on the stock dropch the company will release quarterly earnings next tuesday. american airlines has resumed most of its flights tuesday following yesterday's massive technology failure that forced the nation's third largest carrier to ground all domestic flights. 970 flights were cancelled, and 1,000 more were delayed. >> in health matters, could your hair give your doctors an idea about the risk for heart disease. a study out of the netherlands says yes. they looked at samples from senior citize
next apple stock takes a new plunge. >> 16 month low today. find out why, stay w >>> if you're an apple shareholder, the stock took another steep plunge today, now $300 down. so why is this happen something some believe it was way overpriced to begin with and what's happening is a natural reduction in value. others feel the tech market is changing and apple slow to change witness. >> they're good at coming up with innovation. so i won't give up on them. >> many consumers are waiting for next products including a state of the art television. >> l l.the rest of wall street took a sharp downward today. reports triggered a plunge on the dow. that is an improvement. after investing nearly $2 billion the british parent company has admitted defeat. the company put the 200 stores in california, arizona and nevada up for sale. bank of america today say it will pay $500 million we resolve revenues off by 8%, google has begun delivering glass, the visor like computer that responds to eye commands. it come was warnings the possibility of eye strain and you shouldn't go scuba diving wearing glass. >
ago. >> and now for the final stock, apple, which doesn't fit in either one of these categories. but you saw it's a terrific buy. today the stock was down again. it's now trading at $3. why are y sing that put money into apple now? >> a year ago, there was too much euphoria. today there is too much pessimism. look, apple is reflecting an absolutely worst case scenario with earnings there to be reported this tuesday. there is likelihood it's not going to be that bad. and if tim cook can lay out a plan for a capital outlays to shareholders in terms of dividend increases and share buybacks and reassure investors of their products and their vision for products, i think this stock could be much higher next week. >> all right. very interesting information. thank you so much, hank. any disclosures to make? do you own any of these stocks? >> we own them all, and i own them all personally. >> thank you so much. have a great weekend. hank smith of haverford. >> thank you. >>> and coming up next, as the price of gold and silver plunge, we'll take you to one of the country's largest coin sh
like the coolest day for the upcoming weekend. >>> i am looking at the very latest reading for apple and right now they are up about a dollar or almost $2 per share. analysts are expected to hear quarterly margins and they say lower margins are on the iphone 5, apple has lost some of its luster and apple is down from its all-time high in september. google could bring you more information and google is the service that tries to answer questions before the user even asks them. for example it could give you a heads up on your usual route home from work and adding it now, it could affect the area and it could be an option they could turn on and off. >>> time now 651, a historic post office in downtown berkeley, why it will not be a post office while they decide to sell the building. >>> traffic looks good heading off to the high-rise and we will tell you more about the morning commute. is it wrong to buy an entire outfit to match your mani-pedi? shop like a fashionista. not if you find something amazing for less than the price of it. save like a maxxinista. designer brands at t.j. prices
. >>> the big business story this afternoon is going to be apple, thatompany reports profits. investors are in a bad mood. no matter what the quarterly numbers are, do watch for apple to be pessimistic about business going forward. that would be a strategic move by apple to push expectations downward. netflix the other talker, that stock up better than 20% after turning in a much better than expected number and faster subscriber growth. in fact, netflix now has more subscribers than hbo. back to you. >> thanks, scott. >> i know you're always hungry like i am. this sounds real good right now. a new treat at carlos, jr., blending pop-tarts and ice cream. >> sounds like heaven. hand scooped pop-tart ice cream sandwich. >> what i'm talking about. >> tested at a few carl's j restaurant. that's a big drive. they did provide this picture of the new treat but hasn't said much else about it. it is what it is. >> i like that. it is what it is. i can skip the drive, go to a grocery store, a couple of pop-tarts, some ice cream and boom. >> when we were little, we did the waffles with the ice cream.
that shows that amazon is stealing market share from apple in the music download market with amazon mp 3 having 22% of the market, partly due to the new products that amazon has rolled out, including the kindal tab lett, which now consumers are using to buy music off of apple itunes still the top player with 63% of the market in the fourth quarter of 2012. tech earnings very much in focus. for all yaw high, eyes on the display. analyst focusing if on who will take over after the current ceo steps down. showing some grin after morgan stanley wrote after a lake lust irwindows they launched the gap between sentiments and fundamentals looks as wide as ever. so that's one stock on the move to the up side. back over to, simon and sue. >> thank you very much. seema. let's get over to chicago, rick, can we confirm across asset classes this optimism that bob pisani sees from stocks? i guess there are things going on that would be positive. sometimes it accident. leverage in positions are nasty things. if you look as a two-day start of rates, they're reversing a bit. opening the chart up to decent
wireless broadband network. facebook is talking with apple about creating a version of its own software for the izone a week after the social media giant announced a deal with android. have a great day. through all the years that have passed. the failures. the successes. the people i've touched along the way. i can look back and be proud. knowing that with the help of my suntrust advisor, i didn't just live a life. i built a legacy. something worth passing along. and protecting. suntrust private wealth management. building and protecting legacies since 1892. >> the national park service is considering closing visitor facilities on the national mall earlier in the evening and it's looking into eliminating a late- night ranger hours as well. ranger stations and nearby restrooms right now are open until almost 11:30 until midnight. the park service is considering closing those facilities now it 10:00 tonight. the monuments themselves would stay open. spokesperson says the proposed cuts are not related to sequestration. on this, 55 degrees tuesday morning. >> ahead, we are continuing covera
of melissa's segments on our website, kpix.com/mornings. >>> a lot is riding on apple's earnings report that is expected tomorrow. they have had a tough couple of weeks. kcbs radio's financial reporter jason brooks reports. >> reporter: it seems like it's been a long time now since apple stock was above $700, back in september when they had a streak. it's been struggling and fell below $400 last week for the first time since december 2011. the company reports its fiscal 2nd quarter earnings after the closing bell tomorrow. it's expected to report an 18% drop in profits from a year earlier which would be the first year-over-year drop in profit since 2003. lots of worries that iphoneand ipad sales are much weaker as a lot of consumers hold off the next product refresh from apple and a lot will be riding on that. and for the stock tomorrow. the one good thing is with so many analyst downgrades, any good news from apple could turn it around tomorrow. ebay is trying to leverage its user base in a vote in congress. the company started sending emails to its 40 million usingers this weekend try
about the buzz on the apple iwatch, then google came out with the ad for the google glass, and all that buzz went away. i look forward to getting my hands on one, but i don't think it's necessarily a needle mover for the stock. hidz liz okay. david: tom, you cover apple as well as you look at that stock sink below $400 a share. is it a screaming buy, or would you be worried at this point? >> well, i think investor sentiment, obviously, is as negative as it's been in a long time, but i do think it's a buy. i think people mistake on apple going to the apple store and thinking the only thing they're going to see in two years is the next generation of current devices. i think apple's playing its cards close to its chest. there's a lot of innovation going on that we don't see -- david: by the way, i am a stockholder as well, so i've got to push back. do you think that we need to change at the top? do you think tim cook is just tried, add his chance and like mr. johnson over at jcpenney, it's time for him to go? >> no. actually, i think he's dope a very good job -- he's done a very good
pepsi and verizon. some of the other big companies. one stock we are keeping an eye on is apple. and i just want to pull up the very latest quote on that. apple stock is down $8.5 a share. about 2%. it's now below 400 $400 a share. $394 is where that is. apple stock down 42% from all time high of $705 last september. one money manager says apple could fall into the 300s in the coming weeks. it is now at $394 right now. we'll keep an eye on apple stock. >>> oakland is proposing a budget for the next two fiscal years that calls for spending. the budget proposal also includes two more police academies. however, the city will still need to eliminate 80 positions. the deadline for a new budget is june 30th. the public will be able to weigh in before that deadline. >> time now 7:45. firefighters are investigating an overnight fire that gutted a house in san leandro. started on deal avenue and dowling boulevard. no one was living there. neighbors made sure people living nearby got away safely. >> everybody called from one house to the next. and couple people knocked on everybody's doors. we a
today or at least part of it. bank of america mist on earnings and revenue and pay the price. apple suppliers say they see a slowdown of apple's sales. the two stocks led the decline in the market. 4 billion shares traded. the dow is down 138 points, an uptick in volume. the s&p down almost 23 points. the nasdaq fell 16. bank of america stock down almost 5%. j.p. morgan followed with a three and a half% decline. apple stock moving lower. recovering just slightly. down five and a half% today. managing the pop-up to 403 at the close. losing its title of the world's most valuable company, exxon mobile. commodities a week. the price of gold is down $4.70 per ounce. worries about global economic weakness. down $2 per barrel, just below $87. and in the bond market, investors buying bonds sending the yield down to 170%. well, a guest tonight says economic news is bring investors back to reality. he sees this as a short-term pullback. joining us now, chief investment strategist. it could to have you here. this is a little pause. not of fullblown correction. we are ready for the leg up. >> w
are shut down. >> thank you. cupertino based apple is losing its shine. the bloomberg business report is coming up. >> if diamonds are a girl's best friend this one is a bfs. >> she is america's favorite redhead, and we will have amazing reunion s so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. and less saturated fat? it's eb. eggland's best eggs. better taste. better nutrition. better eggs. it's eb. >> we continue to follow breaking news in san francisco, live pictures of the market-street area around 3rd and 4th with streets shut down because of a suspicious package. they have given the area an all clear and they are slowly starting to on the streets if that area. the thing is, that is where the earthquake commemoration for th
$200 a share. it will be a good tuesday morning if you own netflix stock. >>> apple reporting its results tomorrow afternoon. today apple won a court decision ruling that apple did not violate a patent owned by rival google when it made the iphone. a big deal for twitter today about big money. the san francisco company signing a multi year deal said to be worth hundreds of millions of dollars. today the senate voting to move a bill forward that if passed would require sales tax to be collected on certain internet purchases. >>> the first look at google glass. it's the latest way of taking internet with you. we will show you what it can do tonight at 6:45. it is in the hands and over the eyes of a few people in the bay area and it is already getting a lot of attention. >> looking forward to seeing that story. >>> in the south bay a scare for a lot of shoppers. there were voluntary evacuations at valley fair mall this morning after a construction crew hit a gas line. a contractor hit the service line around 8:00 this morning. the line was properly marked. the leak was stopped by abo
is "who made money today". anyone shorting apple. the stock crashed today falling below 400 bucks for the first time in more than two years. that means for the apple has lost it's title as the world's most valuable company. that title goes back to exxonmobil. so who is not making money? pretty much everyone else. it was a terrible day on wall street. the dow fell 138 points. all three major intoday he is sees closedin the red. one of the biggest looser of the day was former vice president rand self-proclaimed internet inventor al gore. gore sits on apple board of directors. he owns nearly 62,000 shares. he lost $1. million at least on paper. sorry about that, al. even when they say it's not it is always about money melissa: ebay and american express releasing their earnings. let's go right to dennis kneale at the breaking news desk and, dennis, what is the latest? >> ebayosting robust results but wall street is not happy. shares are down 2 1/2% after-hours. here's why. earnings per share, wall street wanted 63 cents. came in at 62 cents. never mind that is up from 44 cents a year
's apples to apples. you've got "x" items on the 34 cents. but let me dig deeper into that. in terms of the revenue numbers, paul, what's your take there? you've got 1.07 billion in revenue for the first quarter. is that what you were looking for? >> yeah, that's about right. maybe a very, very slight miss. maria, my problem with this company is, even though the company has done particularly well, stabilizing the business under the ceo mayor, you have a company that's expected to continue to grow about 2% per annum and it's trading at 20 times earnings. and so the pop that we've seen in the stock over the last 12 months, it's up 60% versus 12% for the s&p 500, i think the pop has already been had. >> so, basically, you feel that the valuation has become extended. you want to sell yahoo! here at 23.80? >> i probably would. maria, remember back in the late '90s, we were on a television show together called market week. and that was back in '99. and we used to talk a lot about yahoo! back then. the problem with the story is, that was its final hour. now we're four, ten years later. it's
a look at some sectors we've seen here. technology, a tough day, apple's been down, finance has been down, because bank of america has been down. so it's not just the commodity story here as well, some disappointments on the bank earnings, energy, industrials, materials also on the weak side. commodity countries, and this is another way you can look at this, there's peru, brazil, canada, australia, south africa, these are all exchange-traded funds you can buy, all down about 2% on the day. finally, guys, the thing that's worrying me, we've been in an up trend all year. now for two days, monday and today, we have had big down days with big volume, 90% of the volume to the downside, those are very big days, when you see that kind of thing happen, and some people are now starting to wonder whether we have a trend reversal on. instead of an up trend in the market, in fact, that's not happening anymore. that's the big debate going on down here. >> when you look at that chart you just showed, bob, it certainly raises the question. thank you. >> you bet. >>> about 12 minutes before the closing b
with house of cards. >>> gal the lalaxys #4r is the 4 is the apple iphone's competitor. >>> the weight is final over for san francisco's exploratorium. the $300 million museum. opened its doors today. >> just like the old exploratorium, a ringing of the bell signifies the opening for the new one. >> the world famous exploratorium is back and better than before. >> i feel like the kid in a family who's just moved into san francisco and about to be shown his or her bedroom. >> you get really excited. >> officials along with city and state leaders attended the much anticipated grand reopening ceremony. >> they along with parents see the museum as a fun place to be, but a stepping stone to advance students in science. >> you don't want to be the best of the best; you want to be the only one that does what you do. >> and i think of that quote in the context of today. >> the building itself has six thousand solar panels to generate power. amazing views of the bay has more than 600 exhibits, both inside and out. >> and on top of the older exhibits, there's this very cool mirror where i'll giv
and that one company is apple. according to the latest compensation filings with the sec coming in fifth on the list, making 68.6 million, apple's chief financial officer, peter oppenheimer. fourth place, senior vice president jeffrey williams raking in 68.7 million bucks. coming in third, lead attorney, bruce sewell with $69 million. number two on the list and highest paid apple executive is senior vice president bob mansfield who made $85.5 million. only one exec beat out the apple gang, that was oracle ceo larry ellison. his total comp last year, shy of one billion dollars. 92.6 million. melissa: good to be larry ellison. a terrorism expert and university of proprofessor and a former nsa officer. he will join me to go over the cost of fear in regards to yesterday's bombings in washington, whether it was domestic incident or not. how does that fear affect the business and the economy. that is tonight at 5:00 p.m. eastern. lori: the boston bombings could lead a economic slowdown. that is the warning from former cbo director, douglas holtz-eakin. we could be hit with an individual securi
for the inphone. facebook becomes front and center displaying photos and updates. social media sites and apple have had trouble in the past. >>> storm water run off is one source of pollution in the chesapeake bay. taxpayers are going to have to pay to clean it up. county councils approved a measure to implement storm water management fees last night. here is what it breaks down to. the state is required by the government to reduce the amount of pollutants running in to the bay so you could see an increase in tax dollars for making that reality. >>> family in the everglades got a show, tour guide jumps in the water to take on a python. the reason behind this madness, we will explain and show you video and images. when allergies and nasal congestion hit i rely on the speed and power of claritin-d. it starts working in just 30 minutes. nothing relieves nasal congestion and sinus pressure faster than claritin-d. nothing works stronger on nasal congestion and nothing relieves it faster than claritin-d. so you can get back to doing what you really love...fast. to get your claritin-d, blow past the
of an involvement in a scheme involving apple stock that cost his employer about $5 million. the trader, david miller of new york state, pleaded guilty to conspiracy and fraud charges. prosecutors say he took part in an unauthorized purchase of about $1 billion in apple stock. his attorney said he regrets his actions and the harm they caused. >>> federal investigators are levelling strong criticism at chevron for failing to replace ageing equipment at its richmond refinery before last summer's massive fire. u.s. chemical safety board investigators say the walls of the pipes that burst had thinned to about half the thickness of a dime. investigators say chevron repeatedly overlooked the problem and has a culture of, quote, waiting for things to break. investigators called for increased regulatory oversight pointing out cal osha conducted three inspections lasting only 150 hours in total in the six years before this fire. none of the inspections resulted in citations nor fines. >>> today is tax day and uncle sam expects to hear from you by midnight. either turn in those tax forms or file an exte
a surprisingly weak march. apple hit its lowest point, falling to less than $400 yesterday. it bounced back slightly, closed at $430 per share. apple's stock is down 42% from $505 a share. one money management group says it could fall into the 300s. >> did you ever think you would say that in. >> i wish i bought it. >>> investigation into the boston marathon pointing, why cell video is more helpful that surveillance video, stay tuned. richard. >>> major will lead the -- mayor jean quan will lead the area despite the owner's team to move the team to san francisco. >>> well, last night's highlight in the win over portland, stefan curry broke the season shot record and made 273 points and will meet with denver colorado sunday afternoon. >>> candle stick park drew dozens of fans in the wake of the bombing. no major problems were reported. the game ended by the way in a scoreless tie. >>> a big part of the investigation into the bombing is analyzing surveillance and cell phone video. we spoke to video forensics experts to see what they were looking for and even if the images were not clear, high
of a yo-yo market. >> is there any hope for apple? >> do they need a new product? >> they may just need to bear a little more honest and more disclosure. google is talking about their phone and something needs to happen with apple and they need to talk about a new product. they usually start issuing new products for back-to-school perry ed it took them 17 months. i think the evaluation is important. one-third of their market is in cash. they have a bit capp and there the second biggest of the nation behind exxon mobile. they're just a cash flow mushing but they do not have products that we know obama but we know ey're coming out. >> we had morgan stanley, and pepsi with good earnings. >> a again, corporate america is still and press the but the second quarter may be the weakest of the year. we are waiting to the back half of the year, back to school. what we are seeing right now isetter. >> would check back with rod and black later with our winners and losers. >we would check back with a rob black later on with our winners and losers. >> we're in the upper part is for coastline. future
. as for your bloomberg silicon valley index it was lower on the weakness and shares of apple and ebay as mentioned. twitter introducing a music app letting music play songs that is currently available for apple users to down load. other companies trying to keep users on their sites for longer stretches, the name of the game. carolyn, larry >> thank you. >> maybe spring here but a massive rain storm is leaving behind a huge mess in parts of the mid west and plains. >> watch the car on the righthand side of the screen. this took place in chicago south deering neighborhood. one person was sent to the hospital. y he road buckled and car just caved in with pavement. other two cars were parked at the time >> thousands bng evacuated as heavy flooding prompted illinois governor to emergency.state of t seven inches of rain has fallen in 24 hours in one suburb of chicago workers used life rafts to rescue school children from a stranded bus. 600 flights have been delayed. >> nothing but sunshine heading into the weekend. >> we're looking at 90s showing up into the bay area by monday. we're g
looking to rebound after the dow posted its worst weekly drop in a year. tech leading the way lower. apple fell 9% last week. worries about iphone demand prompted investors to look at it. apple lost $300 billion in market value since last september. well, the senate may vote on a bill to let states collect sales tax on all online purchases and they've been recruiting users to rally against the measure and gas prices could drop another 20 cents by memorial day. it is due to the falling oil prices and continued weak energy demand. good news for drivers looking to hit the road. betty. >> may be time for a road trip then. >>> thank you. >>> other stories, traveling by air, first day with a 10% slash to the air traffic controller workforce. it's part of the sequester. delays were mostly non eexisten on thursday except for waits around new york and los angeles but the real test begins today. the furloughs last through september and are expected to save 200 million bucks. >>> the u.s. is going after china on cybersecurity and "wall street journal" reports that they're considering several aggressi
work with u.s. apple i have traveled to washington, d.c. on several occasions, including two bipartisan meetings with members of t of each day.h took up the there is a bipartisan agreement that the system is broken and the agreement as it stands is nearly impossible. the shared challenge faced by all farmers seems to be finding legal experience laborers who can provide the employers with coence predictability, and stability. the proposed bill would be useful as it no longer draws distinctions between seasonal and non-seasonal employers, like terry farmers, allowing dairy farmers to hire workers and their workers could even be considered for legalization. a common misconception is that these seasonal guest workers are displacing domestic workers. in our office we not only facilitate the application paperwork for employers but in some cases we process their payroll. there is a direct correlation andween the hiring of h2a domestic employees. they applied and petition in new york for 224 h2a workers. the majority of these workers only work for eight weeks. these foreign workers created 50 y
percent of s&p 500 companies report and everyone will be talking about apple. >> de think tim cook is in trouble as ceo? >> it depends on what side of that trade you are on. apple's tim cook and the hot seat, maybe not. according to forbes this week took a job is in trouble. the iphone five will not be out this summer, maybe this fall. there are theories and rumors that fingerprints will be a big part of the foam. >> watching a net flicks, they are four and a half percent in early trading. >> they don't really care, they want to turn a profit. it is a pretty saturated plate.right now. we are watching more tv and with netflix time we are catching up with seasons. netflix is a great story. >> is the eighth issue when? is it too soon to tell? >> the delivery mechanism as key. you have to pay a premium dollar for content. the big players like universal, comcast they do not want to release all of their content to only one player. they went to give it to x box and net flicks. netflix is a great story, i would not be surprised if it was acquired by someone who was bigger. >> now let's get
your money today, courtney reagan joins us. good morning. >> good morning, apple reports today, with the stock in freefall dropping below 400 after peaking above 700 in september, you know it's the talk of wall street. apple is still selling a record number of iphones and ipads, but the growth is growing and competition from samsung and other smart phone workers. >>> seven banks including pnc and capital one reign in bonuses for those who meet or exceed targets. federal regulators have been concerned about the ties between high pay and if amount of risk banks are taking. >>> now you never have to get off the couch. piz zoo and microsoft -- pizza and microsoft are launching a new app, 25% of pizza orders are made online. >> that sounds like a match made in hemp. thanks so much, courtney. >>> in other action on the street, netflix shares rose in trading thanks in part to original streaming content. they plan four families stream at once for $11.99 a month. >>> senators voted overwhelmingly in favor to help force online retailers to collect tens of billions of dollars in sales tax
after the close of the market. apple's 2nd quarter earnings of $9.5 billion stronger than expected but that's actually an 18% drop from the same quarter last year marking apple's first year-over-year profit decline in a decade. >>> investigators are piecing together what led up to the boston marathon bombings. they are getting clues from the surviving suspect who is in fair condition. vinita nair with what the suspect is telling the investigators. some tough details today. >> reporter: that's right. the suspect is here at beth israel hospital where he is recovering from multiple gunshot wounds. you said the word clues. that's exactly what they are getting right now. it is very little in terms of the motive but today for the first time, we heard from the widow of the slain brother. a sign that read, we are boston strong, is now on the doors of boylston street apartment building that chris and lindsey returned to today. >> we are happy to be here. >> reporter: block by block, residents, business owners and workers were allowed back into the neighborhood the deadly bombings rocked eig
for stocks you will yeall year. apple is the biggest name on the list. if you own apple shares, you have probably seen and felt this stomach churning chart. share price has tumbled over the past year down 31% over that period now trading below $400 a share. why? slumping demand for products. apple was once the most valuable company in the world by market value, so the stock some analysts say relatively cheap right now. we will know better tomorrow what the future of apple will be. it has an awful lot to prove. investors have been stung. apple clearly a big business story of the day and the week. john. >> no question a lot of people watching that very closely. thanks. meanwhile, ahead on "starting point," the surviving suspect hidden in this plain sight after the marathon bombings going about college life as if nothing ever happened. we will hear from students who spoke to him on campus. you're watching a special edition of "starting point" live from boston. people join angie's list for all kinds of reasons. i go to angie's list to gauge whether or not the projects will be done in a timel
. >> this apple software can pick out specific people and large crowds. by detecting knows shapen the space between eyes. as of a person looking at all the videos, the technology could go through years of video in a matter of minutes. >> crime analyst our point to the pivotal role surveillance cameras play that identified the suspect in boston. and now, some san francisco is something about increasing the city's network of cameras. police chief greg suhr is one of them. he says it would help them better monitor events like the bay to breakers race. >> i would have to get someone a lot smarter than me an engineer if you will to look at what would be possible for us to a port everything into one location. and to be able to monitor major event. >> we live in the post see as i, mci has the television jurors want to see video and the dna. we do everything we do to get it for them. i do not think there is a person in this country did not watch the events of last week on fold and watch it on video. >> however, the aclu is word about how police might use the cameras and how long the department will
higher, up a buck the at 29.83. before i leave finance and go to terror, where is apple this morning. >> apple 385 the lowest bevels seen since the end of 2011. stuart: i'm sorry to keep it short there, but i want to bring you-- let's go back to the terror situation, all eyes on that right now. molly line, i believe is joining us from the boston area, what can you add to our story so far, molly? >> we've been here throughout the night. a violent evening and now daylight has risen and we're pushed further and further away. in the early, early morning hours, 2, three o'clock in the morning, we were a location, a mile from here and we're pushed further and further out from that. we saw tactical teams, 30 to 50 people with significant armored vehicle and full body armor as well. the entire street is lined with state police officers. every corner, all the way down mount auburn has been lined with the state police officers and we've seen the tactical teams with the armored vehicle exploring the side neighborhoods. stuart: molly, can i jump in. >> sure. >> did you see the hijacked suv, a me
because i wanted to talk to you about technology in particular, and the fall in apple and the fact that everybody is saying that the technology market per se is really going to struggle without the leadership of a. do you think that that's correct, or has the market factored in the fact that maybe apple is just turning a bit you? know, longer term it may be fine, but it's time had come for a retrenchment. >> well, i think the markets have taken that into account somewhat, but i will plug my show "futures now." >> absolutely. >> talking about that subject today and one of the traders and strategists today saying they thought the technology markets, the nasdaq, could continue to go lower. you have the trifecta there that we just talked about, apple going lower and a mix of companies that haven't really done that well. we've seen 72% of companies actually beating in terms of their earnings, but in the tech space i don't think the number has really been that strong, so our traders today say they were shorting the nasdaq, and our gentleman that was from morgan stanley, he was saying he
you share with siri can be stored on apple servers for up to two years. not a problem if you just want to know where the nearest pharmacy is. but what if you want to know where the nearest bar is? or sex club? or you ask it jokingly or in earnest how to cheat on your taxes or your wife? apple insists it can't share that information with anyone, but that hasn't stopped the aclu from expressing serious concerns over its privacy practices. but besides the obvious and now all too familiar caveat that nothing is truly private anymore, there's a reason for skepticism about apple's insistence they'll guard your secret conversations with siri. last week the house passed a vote by a 288-127 vote. it's packaged as a national security bill that allows private companies like google and facebook, to share electronic information like your e-mails and chats, with the government. it has also earned the ire of the aclu. it enjoys bipartisan support and this appoi disappointingly the backing of a surprising number of republicans, one of whom, mike rogers, sponsored the bill and insisted it's not a surve
and a half. still ahead what's up with apple's slide? >> sad to see it go. >> tough times for "fresh & easy." why the grocery chain could close all its bay area stores. ,, ,, when i take a picture of this check, it goes straight to the bank. oh. oh look the lion is out! no mommy no! don't worry honey, it only works on checks. deposit checks from your smartphone with chase quickdeposit. just snap a picture, hit send and done. take a step forward and chase what matters. dollars today for the firste in a year and a half. shar >>> apple stock dipped below $400 today for the first time in a year and a half. shares fell from an all-time high in september of $705 to close at $402 this afternoon. earlier in the day, the price got as low as $398. stock plunged after an apple supplier said there's less demand for ipods and iphones. >>> "fresh & easy" is just a name but there's nothing easy about the grocery chain's financial future. about 18 stores in the bay area are one step closer to closing down. kpix 5's da lin on how the chain may have made a marketing mistake. [ beep beep ] >> reporter: it ha
criticized it. "the new york times" also won a pulitzer or reporting on the practices of apple and other technology companies. judges praised the "times" for exposing excessive working hours and other harsh conditions at contract manufacturers in china and elsewhere. >>> aung san suu kyi's first visit to japan in 27 years has been an emotional experience for many. that's especially true for a democracy activist who fled myanmar's former military government. but these long-term residents of japan are expressing mixed reactions to her calls for helping in rebuilding their homeland. nhk world has more. >> reporter: on saturday aung san su, kiy delivered a speech in tokyo before gathering of myanmar expatriates. she asked for their cooperation to further democratize and develop their home country. >> translator: myanmar has yet to be fully democratized. we have to further defend democratization. >> reporter: the audience included democracy campaigners who face crackdowns by the country's military rulers. >> translator: i was moved to tears. >> translator: i'm so happy to hear her speaking pr
... juicy red cherries! (cheering) and... crunchy green apples! (cheering) and... - one special golden pear! (cheering) - let the fruit picking commence! - huh? - commence is a fancy word for... begin! - ok, toots, i'm going straight for the special golden pear! - daniel, daniel, daniel! let's find some red cherries! - ok! (laughing) we need to find some cherries! which tree has the cherries? look! way up in that tree! i see cherries! - let's try to pick one! - let's go! here i go! whoa! - c'mon, prince wednesday! you can reach! - almost got it! - did you get a cherry? did you get a cherry? - nope. no cherry.
jobless claims could determine whether they slap back against the losses. the one-time darling apple shedding near 6%, briefly breaking $400 a share for the first time in more than two years. that came on the heels of reports of dwindling demand for the ipad mini. >>> and google reports earnings topd and what could be a first for that company. it's trying to bargain opening a pair of $1,500 google glasses from selling or loaning them out. the company's terms of service specifically states, quote, you may resell, loan, transfer or give your device to any other person. google reserves the right to deactivate the device. end quote. >>> investigators in the boston marathon bombings have been pulling together an astounding amount of forensic evidence. and now have images of a potential bombing suspect, next. >>> now to the continuing investigation into who is behind the deadly bombings at the boston marathon. the headline on the front page of this morning's "boston globe" reporting "authorities now have an image of suspect." joining us now to discuss these latest is quint van sant. they'r
were postmarked from memphis tennessee on apple aid. the white house says, staffers of a careful drill and haggling letters and no one was injured. >> the u.s. senate is blocked a proposal to expand background checks on gun sales. the plan failed to get the 60 votes needed to pass. sparking anger from president obama and is appointed from the parents of children were massacred last winter in new town, conn. the people with unspeakable green summoned the courage to petition their elected leaders. not just to honor the memory of their children but to protect the lives of all of our children. >> 90 percent of democrats in the senate voted for that idea. but it is not going to happen. >> congresswoman gabrielle gifford, was severely injured in violent--gun violence also stood by the president cited quotas been furious the measure did not pass and accused the opposing senators of cowardice. the final vote tally was 54 to 46 the proposal was part of a compromise struck by democratic and republican senator. it was a backed by the president, but faced fierce opposition from the national rifle
if they snap back or deepen in across-the-board losses. apple shed nearly 6%. the slide came on the heels of reports of dwindling demand for the ipad mini. >>> and google is barring anyone chosen for a pair of its $1,500 google glasses from selling or loning out the eye wear. the terms of service states, quote, you may not resell, loan, transfer or give your device to any other person. google reserves the right to deactivate the device. >>> this is probably a good time to announce i'll be getting a pair. but they won't leave my hands. >>> comiing up, mike allen join me for the latest of what's next for the president's gun control legislation after yesterday's crippling blow in the senate. you're watching "first look." ♪ (announcer) wake them up with breakfast-favorite flavors like salmon, egg, cheese, and whole grain oats. friskies. now serving breakfast. >>> turning back, now, to our top political story. wednesday, the senate voted against several gun control measures. joining me now for more on this, is mike allen, chief white house correspondent for politico. thanks for being here. i
-narcotics agency has shut down five illegal meth apple get pine production centers. the authorities say that's proof that nigeria's now part of a worldwide production network. >> in new year's capital, security open firbleds come through a crystal meth amphetamine factory. they found chemicals. they also are there for the workers who included three nationals. they show the synergy. there's factory, it's a fifth such illegal methamphetamine laboratory to be discovered in the past year, signaling a disturbing new chapter in the ucrative drug trade. the method of concealment for the drug dealers are as diverse as the narcotics they traffic, from hiding them within containers and factory equipment to shipping them in motor vehicles. officials say the drug traffickers are becoming more inventive by the day. this was important. if you look at it, you open it from the insight, but we have to break it open like this, hat just to recover, you know, it looks like ice cream. >> of the airport in legos, bags of cocaine, heroin, and meth amphetamine are marked evidence and carefully stored away. these ar
hashtag music through apple's app store. the company says a version will be available for the droid devices. >> still ahead, where you can catch a colorful mix of science and art come to light. >> all free, >> at 3:00 on katie, amazing reunions. on abc7 news at 4, a michigan principal was near the end of the boston marathon when the events exploded and the special event the school is planning. at 5:00, feel the effects of the government budget cuts? what is on tap for the unemployed in california, tonight at 5:00. >> we have been telling you of the opening of the new exploritorium on san francisco's waterfront. look at this spectacular laser light art show. that is so cool. crowds gathered outside the new exploritorium to watch the colors change. >> you like the time-lapse? >> it was projected from the roof of our building here at abc7 news and there was another free light show tonight at 8:30. >> you can get there early and check out the new exhibits and you do want to take public transportation. >> we are the special tv partner [dramatic music] ♪ [cheers and applause] >> hey, gu
apple is under 400 dollars, a lot of investors wondering how far it will fall. >>> oakland is proposing a budget for the next two fiscal years that calls for heavy spending on public safety, economic development and jobs. the proposal includes two more police academies but the city will need to eliminate 80 other positions. the deadline is june 30th. the public will be able to weigh in before that deadline. >>> the senate judiciary committee is set to hold hearings tomorrow and monday on a new immigration reform proposal formally filed yesterday sponsored by a group of senators known as the gang of 8. >> this who we are, the descendents of the homeless and the tired the poor the huddled masses yearning to breath free. >> the bill aims to secure the borders while crating an option for undocumented immigrants to become citizens, within the next month a bicycle barometer will be installed on san francisco's market street encouraging more people to ride their bikes and will go in on the southside between 9th and 10th and 7 and 1/2 feet tall and show the number of bicycles that will pass by.
on twitter as well as on the bands you follow. you can down load to your iphone or lap top through apple's app store. >> it could be handy. all right. education news. 63% of adults say the state does not spend enough money on public skpools a majority improve of the plan to increase funds tochool e gllearners and lower incom students.thel found support in giving schools more flexibility in how they spend state money. >> more than 14 thousand new freshman have been received to cal berkeley. a record high number of april politics were received this year. nearly 68,000. cal officials say class of an average gpa of 3.9 and a diverse background. 9,000 from california and women represent about 54% of the admitted students. >> san francisco new exploratorium offering nun yeek views on the water front. take a look at this laser light art show. so cool. crowds gathered to watch the figures change. the light show is project frtd roof here at abc 7. official tv partner of the exploratorium. there is another free light show tonight. you can see it's cool stuff. >> that is going to be on our web site
of inventory there exxonmobil once again surpassed apple as the world's most valuable company this week. and seaworld made a splash. the entertainment and theme park company began trading on the new york stock exchange on friday with an ipo price at $27 a share, the deal raised some $700 million. >>> austerity persisting in britain and europe, despite forecasts of downgraded growth in the uk and recession in the single currency eurozone. this coming from the spring meetings of the international monetary fund and the world bank, where i spoke to the former head of germany's central bank, axel webber, now c
-- earnings. about a third of the companies, including apple and exxon are reporting earnings. the dow is up 27. the nasdaq is up over 1%, up 32. and spp up 8 -- and the s&p up 8. >>> gas prices continue to slip in san francisco and the bay area. san francisco has the highest prices in the continental u.s., averaging $4.06 a gallon. around the rest of the bay area, gas is about 12 cents cheaper. it's done from the week and the experts say we could be paying 20 cents less by the end of the month. >>> tonight on the news at 5:00 -- illegal dumping. the reason san francisco is going after the state of nevada. >>> thank you for trusting ktvu news. we're always on at ktvu.com and mobile ktvu.com.
should be charged as adults in this case. marry an favro. >> apple investors got some good news this afternoon. the cupertino based company released its earnings report and it was better than expected. it sold more than 37 million iphones over the last three months i long with 19 million i pads. the company says it will increase the cash dividend it pays to shareholders. >>> it could soon cost you more money to shop online. the senate is debating a bill that would require large online retailors to charge state and local sale tax. it would require all companies making over a million dollars a year to charge sales tax on all out of state purchase. state governors have been lobbying for this and the traditional brick and mortar stores say it will level the playing field. san jose based ebay opposes the tax saying sellers would have to navigate 9,000 different local tax jurisdictions across the country. >>> curbing the rules on teen drivers, the new proposals for california. plus. >> piles of dry can i be l pulled off store shelves. what you need to know about the expanded pet food
for all the latest news as it happens. you should download the wusa 9 ipad app. it's free at the apple store. >>> d.c. remains on high alert following yesterday's terror bombings at the boston marathon but this city went ahead with today's emancipation day parade as planned. >> reporter: this is bruise bruce johnson in downtown washington. city on high alert, no incidents. it's a city holiday, time for family, food and a parade. one day after the boston marathon attack, d.c. residents and visitors turned out to commemorate emancipation day 1863. that's when president lincoln abolished slavery in d.c. talk of boston, thoughts of the explosion victims and a possible attack here were everywhere today. >> i know security is very good in washington, d.c., and the parade must go on and the celebration cannot stop. >> this is a city that is resilient. we are ready. it's very unfortunate, a tragic situation that happened in boston yesterday. >> reporter: the emancipation day activities continue through tonight, 8:45 this evening a fireworks display. this is bruce johnson reporting from downtow
york times" also won a pulitzer for reporting on the practices of apple and other technology companies. judges praised "the times" for exposing excessive working hours and other harsh conditions at contract manufacturers in china and elsewhere. >>> millions of rural chinese migrate to cities every year in search of work. for many, this means more than simply leaving home. it means leaving their children. more than 60 million children are now being raised by relatives who are not their parents. the problem lies in the country's household registry system. the government runs separate status for rural and urban families. migration is tightly restricted to prevent the population from being concentrated in cities. only people who live in areas in which they're registered receive public services like education. so when rural chinese migrate to cities, it's difficult to take their children with them. some people criticize the system. they say breaking off families isn't good for kids or for the nation. nhk world's reporter reports. >> reporter: in rural province, many workers have moved to ci
of an album. if you are a fan, you should know the swedish firm is expanding globally as others twitter, apple and amazon look to cash in on the booming ution on this market. it is the fastest growing source revenue so the global recorded music industry in 2012 according to the international federation of the phonographic cup in industry. pop divas will be happy. they pay $1.2 billion in royalty and license fees to artists up from $700 million in 2011. only two years ago. of ough it is a small slice the total industry in terms of is rising popularly and takes thousands of hits. some will say it takes thousands of hits for artists to make any money. not xpert told me it is really that different from how radio used to work. >> a song is streamed to one person. so you have to have the millions of streams to make up the equivalent of one play on radio with a very large audience. so it does work out in the end, i can promise you. the main challenge is these services are growing and they all mainstream yet. when they become mainstream i think that is a valid not and viable old ways of or getting mu
, a.k.a., copulation, fornication, doing it, mary jane, angel dust. the big apple. which is why everyone's always on the lookout for the latest sex enhancer aphrodisiac or ukrainian email promising to make lady say sex boom big big big big. well, the canadians, our neighbors who are always on top, have a new product to enhance intercourse. jim? >> sexcereal. that is it's name. it's being billed as the world's most passional cereal. it features special natural blends for both men and women. the promos are playful showing a couple at first bored in bed. then throw in some sex cereal and, of course, some sex, which we don't see. and the mood picks up. >> colbert: yes, the mood picks up when you throw in some sexcereal and some sex. its manufacturer claims it's part of a balanced breakfast. you'll need that balance when you're doing it in the brek fooft nook. that's why i'm giving a tip of the hat to sex-cereal for making sure we'll never skip breakfast ( cheers and applause ) by which again i mean sex. the old 23 skidoo. because at 6:30 a.m. with bleary eyes and breath like a landf
something no other state has done to address that. >>> apple stock slipped to its lowest level in more than a year. some investors looking for a way out. >>> new at 6, if cell service went down, could you contact your family? the things that need to be in your disaster plan. >>> also, a taser incident at this school shocked parents. why it's the second time police have been called here this week. >>> and a bay area rapper killed. >> sceunt believe that someone would do that. >>> the emotional reaction to the accused killer's first appearance in court, tonight on ktvu channel 2 news at 6. >>> apple stock hit its lowest level in 18 months, after its chip provider indicated it might be slow in providing the chips. at the end of the trading day, the stock pounced back slightly to close at $402.80 a share, still a drop of more than $23 a share and a loss of about 5.5%. >>> also on wall street today, a weak earnings report sent stocks lower. the nasdaq dropped 59. the s&p 500 was down 22. >>> shoppers may soon have one fewer place to buy groceries. fresh and easy is closing all its stores in the
stocks led in the declines. for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >> and a ktvu crew has just arrived on the scene of that officer involved shooting in san francisco. we'll tell you what we know so far. [ male announcer ] enjoy delicious chicken made the way you say at subwa. with our oven roasted chicken, now a $3 six-inch select. make it your own with melty monterey cheddar or creamy ranch. and during april, the black forest ham i
, and technology stocks led in the declines. for a time today, apple shares fell below $400. they ended the day down more than $23 a share and way down from apple's all-time high of $705 a share. >>> fresh and easy says it is closing its u.s. stores. fresh and easy has more than 200 stores in california, nevada, and arizona, including several here in the bay area. the closures are expected to cost the company nearly $2 billion. fresh and easy says it hopes to sell the stores and save the jobs of its workers. >>> new developments in the case of audrey pott. >> first, the latest on our breaking news out of texas. we've been monitoring a late briefing in the past few minutes. what we've learned about the deadly explosion at a fertilizer plant. >>> more now on tonight's breaking news out of texas. where there has been a massive explosion in a fertilizer plant. initial reports indicate 60 to 70 people were killed, and more than 100 others injured. the explosion happened in the town of west. about 80 miles south of dallas. we heard from a texas member of public safety. he said the explosion and fire
. >> time for business news apple shares drop on concern that iphone sales could be slow down. >> college students could be headed your way for high-paying internshipped. >> we were not paid when we were interns. jane king is live from the new york stock exchange. >> maybe jane was king. >> me, neither. college credit is all i got. after people. is losing its shine with the supplier of audio chips hinting sails of the iphone are not so hot with the shares the lowest since december of 2011 and losing ground today at $2 lower and at $400 a share. the market its look like this, calmer than what we have seen through the week with the dow down but only by five points. the silicon valley index is trading lower at half a percent. the job market is getting on its feet and those on the hunt looking to land a job relying on smartphone and today linked in developing a major overall to the mobile app and it will be easy for the millions of users to look at job openings taylored for what you look for with better personalization options and in silicon valley the internships are in longer on wall street
program brings in. in oakland, ktvu channel 2 news. >>> a number >>> apple shares closed lower. that drop was triggered by a report of possible slowing sales in iphones and i pads. just seven months ago apple shares reached a record high closing above $700 per share. >>> and google showed better than expected results in their returns. profits and sales were both up. even so it's not making as much money on ads on mobile devices. advertisers don't see mobile ads as producer the same results compared to devices with larger screens such as laptop and desktop computers. >>> more than a dozen killed many still missing after a fertilizer plant explosion. >> how one local expert will be helping with the investigation into the fire and explosion in rural texas. >>> developing news, late word of gunfire and explosions in the boston area after that shooting on the campus of mit, we're working to bring you an update after the break. in to us from a boston station. we hear that police have a man surrounded but it's not clear if the two incidents are connected. >>> and the boston marathon bombings ha
channel 2 news. >>> a number >>> apple shares closed lower. that drop was triggered by a report of possible slowing sales in iphones and i pads. just seven months ago apple shares reached a record high closing above $700 per share. >>> and google showed better than expected results in their returns. profits and sales were both up. even so it's not making as much money on ads on mobile devices. advertisers don't see mobile ads as producer the same results compared to devices with larger screens such as laptop and desktop computers. >>> more than a dozen killed many still missing after a fertilizer plant explosion. >> how one local expert will be helping with the investigation into the fire and explosion in rural texas. >>> developing news, late word of gunfire and explosions in the boston in to us from a boston station. we hear that police have a man surrounded but it's not clear if the two incidents are connected. >>> and the boston marathon bombings have led to higher secured events. including here in the area. fans were advised to show up early tonight because of the added se
extremism is not apples to apples. it is preparing hurricane katrina to extremism. it is a detached response to evil. let's focus on the turmoil of the bombers and not the real turmoil they caused. this head shrinking only benefits the killer while while helping the craving for copycats and draws outcome passion for victims. we spend less time trying to stop evil and more time trying to understand it. we become the clarissa to their hannible. our obsession with their death makes them more appealing. a lot of people don't fit in and still don't blow people up. we don't wage jay hoed when we are sad -- jihad when we are sad. a chump placed a bomb near a child. why will not change that fact. so what if we made a pact not to discuss these idiots or show their stupid faces. enough egging on these creeps they try to inform us, but they are diluting our condemnation of horror. amanda palmer wrote a love poem to the terrorists in assisted of the victims. what a hopeless loser. maybe she will marry the guy. what they are suggesting is far worse that a life of obscurity is inferior to a life of infamy
had runups, so it was so much. you side with stocks like apple early on. mean, what i call kind of a parabolic moved, it just needed a pullback. think it will be temporary. we're going through right now. it always feels more painful, you know, in the beginning and it will have been, but i think we will come out of it. john: just an excuse. and then this makes a good sort of take for? >> well, you know, such a tragic week. a lot of people's minds were more on the news that on the stock market. john: absolutely. >> a ghandi view of some perspective, but i agree with gary. think what you're seeing is a change in rotation in the leaders. all of the market's former dawdling, apple, gold, taken an absolute shellacking this week, now very much out of favor, but i do think that there are new opportunities brewing. not favorites to alegre that i don't think this is a time that you want to abandon stocks of all. there is still essentially the strongest asset class on the board right now. john: people get defensive. it will park their money and what they think are either slowdown desperate
stocks is enticing for people who want to take money off the table. apple on tuesday, a lot of you have been asking me about apple and what will happen with apple shares, tuesday we will get apple results. a lot to digest this week. $333 million, that's an estimate of how much it dos shut down boston and surrounding suburbs on friday. $333 million. the losses will likely be short-term for companies. boston is a big company getting back to work this monday morning. the boston metropolitan area produces $325 billion worth of goods and services every year. a little less than a billion dollars a day. the ninth gdp in the country. friday everything just stopped. businesses closed. public transit shut down. 16 of the area's 35 colleges closed campuses. most of the taxis were off the roads. shopping centers were shut. while many people worked from home or had the day off, some workers were very busy. thousands of law enforcement officials, hospital workers, hotel workers. there was overtime. where you saw some companies shut down, other area there's was economic activity. dunkin' donuts locati
futures improving. the nasdaq is mossive territory. more corporate earnings on tap today including apple. apple is -- we're going to be watching for how many iphones and ipads it sold during the quarter. big question, has the rest of the tech industry caught up with apple? is the shine off the apple? sorry, i had to use that terrible little pun. but still be watching apple. and another big story for you, the list is out. and sorry to all of you newspaper reporters out there, you officially have the worst job in america. >> the worst job? >> the worst job in america. with the median income of about $36,000 a year. career cast does this study every year. the results are based on things like income, industry outlook, stress, physical demands. >> so not happiness? >> happiness is in there. here's the rest of the top five worst jobs. lumberjack is number two, followed by enlisted military personnel, actor, and oil rig worker. so the best jobs in america? the number one job in america according to career cast an actuary, make about 87 grand a year, biomedical engineers, software engineers, an
congress does something about it, unlikely they will given the mood up there right now. >>> apple by the way, is reporting its quarterly earning with very low expectations. dan is joining us now. what exactly is there problem? >> it's been incredibility to see the collapse of apple stock. it hasn't been trading this low since november of 2011. that was right after steve jobs died. we want to explore a couple of reasons why the stock is trading so much lower. when you look at the technology business, it is almost like the movie business. you have to unveil hit after hit. the stock exchange is maturing. most people who have cell phones have smart phones. competition has never been more intense. you look at amazon creating great products. we'll be watching the earnings and the guidance. wolf. >> we'll see what happens with apple. >>> coming up, a nike t-shirt with the words boston massacre stayed on sale for days after the bombings. we'll tell you what they're doing about that coming up. ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and reco
mentioned tech, let's start with apple. we have been killing apple, it is getting killed. do you sell now into earnings? >> it will probably get killed again, we're looking for a miss on eps, earning -- i am sorry esp, below $ 10 on apple but the stock has been battered so bad, people might buy in sympathy, i don't know if i would be panic selling it ahead of the open, if you are looking to buy it, i would not jump in yet, trade lightly. tracy: caterpillar, is a good litmus test for the local economy. you are expecting a 40% drop for mining come purchases, from china in particular. >> what we'll see from caterpillar in line to slight beat for this quarter, but the forward projects that will hurt caterpillar could look for weakness and stock to move lower after earnings. tracy: i love that hasbro has -- we buy kids for our toys. >> mattel had an awesome quarter, and hasbro has partnered up with a jewelry company to do a lot of hasbro-themed jewelry, i don't know if i am buying barbie-themed jewelry, it is interesting, i would be a buyer, lightly. tracy: i got 30 seconds left, rest of earni
today, off the lows, down 79 points. the nasdaq, once again, hardest hit, down 1.2%. a dayt apple fell below $400, now at 31.66 on the nasdaq composite, and the s&p down ten-plus points at 1541, and we are just moments away from earnings from the big three, ibm, microsoft, and google. we have them all covered for you. david garrity from gba research. >> wow. >> yeah, we're back on "power lunch" days. >> is that an octabox. >> jon fortt, josh lipton. first, heather hughes and rob malcolm, along with greg ip "the economist." everybody's in the water, so we can just jump in. heather, what do you make from the markets this week? what's the message from this very volatile market in your view? >> well, the markets have picked up volatility. before last week, the vix volatility measure was at all-time lows, since 2007. that, of course, has increased, but it will be interesting when we get these earnings numbers coming out now. of course, corporate profits, that's key. it seems like it's coming from revenue minus costs, we're cutting cost sides of the equation, not necessarily revenue and topl
. the new thing is to get an adam's apple. - my mom just had this fixed for me. it was my grandfather's. he worked for years at union station in d.c. as a pickpocket. - hey, hey, hey. card game, guys. $20 per, pot's $1,040. who's in? - what is this, jabba's pleasure skiff? - it's the crew lottery, liz. you buy a card. if it gets picked, you win $1,000. get a tub of new suits from the suit emporium. kabletown guys notice. your hair grows back. everything grows back. - all right. anybody else? - fine, i'll take one if it'll get everybody back to work sooner. - [scoffs] - what are you doing? that game is not for softhands and faceworkers. it's for strongs and lifters. - they hate when one of us wins. [crowd booing] your boos are not scaring me. i know most of you are not ghosts. - come on, my card only has a 1 in 52 chance of getting picked anyway. - how did you know that? you're like rain man. quick, how many toothpicks are on the ground? - zero. - you need to go to vegas. - whoa, why is toofer in the punishment corner? - [british pronunciation] i said time to end the charade and adjust my sc
for the nasdaq is apple. dropping down more than 4% to 4 05 after digit times reported that ipad mini shipments will fall 20 to 30%. apple's shares have dropped $300 a share in the past seven months. >> when we come back from break will visit with annie, we have more news coming straight ahead. this is our south bay camera, a little slow as you make it towards the guadalupe over cross. it is nice and sunny out. >> good morning our mt. tam cam overlooking san francisco. temperatures are 10 to 15 degrees warmer than 24 hours ago. mid-50s currently in san francisco, 56 oakland. 54 livermore, low '40's in hayward. as we track these members throughout the day by less time we're talking 60s pretty much everywhere. we will climb into the '70s by 3:00 p.m.. a glauconite a low 60s high 50s. after an highs, 71 expected and mountain view, 72 walnut creek, 70 vallejo. mid to upper 60s for downtown san francisco, 70 east bay shoreline. satellite and radar shows dry clear conditions in the area without a raindrop insight. 7 day around the bay forecast, a string of sunshine, gradually warmer weather and a wee
not determined what cause that had vehicle to catch fire. >> microsoft signed paitent deal with one of apple's biggest suppliers and the samsung sfon slated to hit shelfs in just days. >> good afternoon. fox con parent has signed a patent licensing deal with microsoft. terms were not disclosed but reports estimate it to be the biggest patent deal to date and could be worth hundreds of millions of dollars per year, covering all products running on the android or chrome operating systems. provo, ut sut going to get google fine yerp. google going to awire the new fiber optics system making this the first time google is acquiring an existing network for google fiber. last week google announced austin, texas would join both kansas city and suburbs in getting fiber. chinese phone company going on a hiring spree. the ceo says it plans to fire over the next four to five years. >> stocks falling on disappointing corporate earnings. >> and a samsung gam lachlsy s 4 goes on sale next week. seven u.s. carriers and seven retailers will be offering newest smart phone. t-mobile will be selling the phone ne
. poor earnings news from bank of america. and an apparent drop in demand for apple i- pods and i-phones. also contributed to the drop. here are the closingthe dow lost 138- points nasdaq fell 60- points. the s-and-p 500. fell 22- points. >> jacqueline: it certainly was nice out today with two- five degrees warmer and here is a look at our high temperatures. the 60s, the 70's, nearly everywhere. half moon bay, was 57 degrees. 60s and santa rosa. 71 in richmond. '70s in oakland really a nice afternoon. it remains a fairly nice evening. still, 58 in richmond. sunnyvale, and pleasanton is going to be a mild night tonight. the wind has died down and it will stay warm overnight. with 40's tomorrow. mild temperatures and the calm winds even if warmer with two-five degrees of warming up expected. that will continue for the weekend. i will tell you more about that and a look a your extended forecast, coming up. for the first time in more >> pam: than 40 years. san francisco's exploratorium has a new home along the waterfront. kron 4's maureen kelly was there for the re-opening. and gives
in september through december. a verizon spokesperson said people may be waiting to see if apple will release a new version. new products are released in late summer or early fall. >>> on wall street today, the 3 3rd down day for stocks this week. the dow is down 81 to 14,537. the nasdaq is down 38 at 3,166. the s&p is down 10 to 1,541. >>> the earth moves and it is caught on tape. look at these pictures and watch that white car. there it goes and that sink hole isn't done, what happened to a person who got caught in it. and a spot famous for books, now on tv, how you can have your say on what you get to watch. [ man ] it's big. supports in times of need. same with aladdin. the biggest in bail. no one has lower prices, is faster or more professional. aladdin bail bonds. bigger because we're better. Ñáçwçñ aladdin bail bonds. >>> a sink hole swallowed three cars in a chicago neighborhood. it fell all the way to the bottom of the hole. one person had to be pulled out and was taken to the hospital with a minor head jeer. the owner -- injury. the owner of the car was just about to get into i
companies will be reporting their earnings. we are going to hear from apple, caterpillar, exxon, an unusually high number missed their estimates. we'll get a read on the gross domestic product for the first three months of the year. many analysts predict a sharp slowdown because of the millions in the federal spending cuts. and then how about a cool $2.5 million for a nickel. it is a rare liberty head nickel. it was mistakenly minted in 1913. it is expected to get at least that much at auction this week. it is one of only five known to exist. >>> well, that is a wrapup of this special sunday morning edition of "weekend with alex wit witt." up next "your business" with j.j. ramberg. more on the investigation into the boston marathon bombings coming up on "weekends with alex witt" from noon to 2:00 eastern. stay with us here on msnbc and enjoy your sunday morning. [ male announcer ] this is betsy. her long day of pick ups and drop offs begins with arthritis pain... and a choice. take up to 6 tylenol in a day or just 2 aleve for all day relief. all aboard. ♪ a body at rest tends
, the undocumented worker gets another bite at the apple 378 going my first question, this is a way i read the bill. i want do you pell me whether or not i'm right or wrotening. it provides legal stay stay us ag work the secretary only has to submit a plan not implement it. the border doesn't have to be secured before millions get citizenship pop . would that been an accurate interpretation of the legislation before us? >> i would just say, senator grassley, that my understanding of the legislation is that the agricultural workers will be given opportunity to get legal status in this country immediately; however, at the end of five years if they meet the requirement and working in the agricultural industry they'll be able to gain permanent resident sei not citizenship. >> okay. >> and the reason behind that. the thinking tbhiend the discussions that . >> you don't have to justify that. >> okay. it was in roip to whether or not the sphtsship for this group of people could be possible without the border being secured. because of the time period. >> senator grassley, if i can supplement that quickly.
. the bill has the backing of mayor michael bloomberg would make the big apple the first big city to set the new age limit. right now you have to be 18 to buy a pack of cigarettes. >> the dutch have an out of this world offer they will fly you to mars for free. there's a catch. there's a one-way ticket. 10,000 people have applied for the 2022 michigan. mars 1 wants to establish a permanent human colony on the red planet. what do you think? >> i will wait for the next one. you? >> with a return flight, i will wait. >> all right. the president promised only high income earners would see their taxes go up. in a new report says every income level would pay more. diane macedo has the number for us. >> while the president's budget would mainly raise taxes on those earning 200,000 dollars or more a year a study finds that in 2015 under his budget nearly all taxpayers would be paying more taxes. according to that study 86 percent of the increases would come from people earning 200,000 a year due largely to scaling back tax breaks and disproportionate tax breaks and minimum level of taxation for
apple reported the first decline in earnings in a decade but it beats the reduced expectations and profits of $10.9 per share and issuing a general cautious outlook. goldas down losing $12.40 an ounce and that 10 year yields 1.seven o%. the action in the markets today the wilshire 5,000 posted a gain of $200 billion in market cap. joining us now with the outlook for equities is rbc capital market, george, good to have you with us and said weisberg. this loaded venture at 1:00 today, your thoughts? >> the unintended consequences of training regulations and have been implemented over the last seven couriers and the sec rule changes. this is the world we live in. we're still trying to figure out the flash crash from a couple years ago and here we are again. lou: we don't any have any journalist we don't have answers for what occurred. george, your thoughts on the market for the results? >> overall you have to realize we're still the most liquid and the best market in the world. if you think about the amount of money that changed hands even though it was extremely polished tile and
flooded roads. the water has also swamped hundreds of thousands of acres of farmland. >>> apple, amazon, caterpillar, at&t, ford, starbucks, exxonmobil, just some of the companies scheduled to come out with earnings reports this week. more than 80 companies reported last week. 72% did better than analysts expected. stocks lost ground last week though despite closing higher on friday. the dow up 10. nasdaq up about 40. and the futures are up today. so that's good. >>> investors who held on to their boeing stock after the new 787 dreamliner was grounded are reaping the rewards now. the faa approved a fix for the battery system that kept dreamliner out of service for three months. boeing stocks surged 2% on friday up 19% from its low point this year. >>> and another major rating agency has stripped britain of its aaa credit score. fitch down gridded them one knowledge to aa-plus -- downgraded them one notch to aa- plus saying they can't get a handle on their debt. >>> the latest lundberg survey shows the california average for a gallon of regular gas dropped 9 cents over the past two weeks
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